Short and Long Iron Condor SPY 05 May 2022

We can estimate with a 86.4% confidence that the volatility for today is going to be below 1.75%
For this the market will stay within
TOP 436.6
BOT 421.5

At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.33%
For this the market will stay above the
TOP 430.4
BOT 427.6

From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently
we are in a short relief moment, where we can have for some days/weeks a small bull trend

For today we have no big volatility news, so we cant expect big surprises.


Having said that we have 2 different ways of trading for today

IRON CONDOR for the first option, with the 436sell 439buy Call / 421sell 418buy Put
Reverse IRON CONDOR for the second option wiht 430buy 433sell Call/ 427buy 424sell PUT